This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Nautilus, Inc. Announces Continued Positive Momentum In Operating Results For The Second Quarter Of 2011

Net sales in the Retail segment for the 2011 second quarter totaled $11.4 million, which represented a modest decline of $0.4 million, or 3.4%, from a year ago. The seasonally low second quarter sales were also affected by comparatively lower sales of elliptical products in the cardio category, while sales in the strength category rose 18.9% over the comparable 2010 quarter, primarily due to a large shipment to one customer.

The following table presents comparative net sales by segment for the six months ended June 30, 2011 and 2010:

Net Sales by Segment  

Six months ended June 30,

  Change
(Unaudited and in thousands) 2011   2010 $   %
Direct business $ 52,709 $ 46,946 $ 5,763 12.3 %
Retail business 28,380 27,751 629 2.3 %
Royalty income 1,936   1,589   347   21.8 %
$ 83,025   $ 76,286   $ 6,739   8.8 %

The following table presents comparative operating results by segment for the second quarter ended June 30, 2011 and 2010:

Operating Income (Loss) by Segment  

Three months ended June 30,

  Change
(Unaudited and in thousands) 2011   2010 $   %
Direct business $ (1,022 ) $ (4,978 ) $ 3,956 79.5 %
Retail business 872 1,333 (461 ) (34.6 )%
Unallocated corporate (2,527 ) (3,113 ) 586   18.8 %
$ (2,677 ) $ (6,758 ) $ 4,081   60.4 %

Second quarter 2011 operating results for the Direct segment improved 79.5%, or $4.0 million, over the same quarter last year primarily due to higher sales and lower advertising expenses, offset in part by higher consumer financing fees. Gross margin percent for the Direct business was 50.0% of net sales for the second quarter of 2011, a decrease of 410 basis points compared to the comparable 2010 period. The decrease in gross margin percent was principally due to a change in product mix, higher product costs and higher freight expense, reflecting increased fuel prices.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs